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HomeMy WebLinkAboutTraill, Corinna - Financial Statement (Initial Filing)e �rOntario Ministry of Municipal Affairs Financial Statement - Auditor's Report Candidate - Form 4 Municipal Elections Act, 1996 (Section 88.25) Instructions All candidates must complete Boxes A and B. Candidates who receive contributions or incur expenses must complete Boxes C, D. Schedule 1 and Schedule 2 as appropriate. Candidates who receive contributions or incur expenses in excess of $10,000 must also attach an Auditor's Report. All surplus funds (after any refund to the candidate or their spouse) shall be paid immediately over to the clerk who is responsible for the conduct of the election. VYYY MM OD YYYY MM DD For the campaign period from (day candidate filed nomination) 12 0 1 8 1 0 7 1 2 6 I to 1 2 0 1 81 1 21 3 1 ❑✓ Initial filing reflecting finances to December 31 (or 45 days after voting day in a by-election) ❑ Supplementary filing including finances after December 31 (or 45 days after voting day in a by-election) Box A: Name of Candidate and Office Candidate's name as shown on the ballot Last Name or Single Name Given Name(s) Traill Corinna Office for which the candidate sought election Ward name or no. (if any) Councillor 3 Municipality Clarington Spending Limit - General Spending Limit - Parties and Other Expressions of Appreciation $ 15,341.10 $ 1534.11 ❑ I did not accept any contributions or incur any expenses. (Complete Boxes A and B only) Box B: Declaration I, Corinna Traill , declare that to the best of my knowledge and belief that these financial statements and attached supporting schedules are true and correct. or Agent is c,2 F'M I 0j, Date (yyyy/mm/dd) or 9503P (2018/04) 0 Queen's Printer for Ontario, 2018 Disponible an frangais Page 1 of 8 Box C: Statement of Campaign Income and Expenses LOAN Name of bank or recognized lending institution Amount borrowed INCOME Total amount of all contributions (from line 1A in Schedule 1) Revenue from items $25 or less Sign deposit refund Revenue from fundraising events not deemed a contribution (from Part III of Schedule 2) Interest earned by campaign bank account Other (provide full details) 1. 2. 3. 4. 5. Total Campaign Income (Do not Include loan) EXPENSES (Note: include the value of contributions of goods and services) Expenses subject to general spending limit Inventory from previous campaign used in this campaign (list details in Table 4 of Schedule 1) Advertising Brochures/flyers Signs (including sign deposit) Meetings hosted Office expenses incurred until voting day Phone and/or internet expenses incurred until voting day Salaries, benefits, honoraria, professional fees incurred until voting day Bank charges incurred until voting day Interest charged on loan until voting day Other (provide full details) 1. 2. 3. 4. 5. Total Expenses subject to general spending limit + $ 15,257.21 + $ 180.00 $ 15,437.21 C1 + $ 519.50 + $ 6,607.02 + $ 2,670.07 + $ 3,080.32 + $ 205.71 + $ 116.42 + $ 339.00 + $ 250.00 + $ 46.24 _ $ 13,834.28 C2 EXPENSES Expenses subject to spending limit for parties and other expressions of appreciation 1. Voting day party/appreciation notices + $ 2 --+$ 3. + $ 4. +$ 5. + $ Total Expenses subject to spending limit for parties and other expressions of appreciation = 821.61 821.61 C3 9503P (2018104) Page 2 of 8 Expenses not subject to spending limits Accounting and audit Cost of fundraising events/activities (list details in Part IV of Schedule 2) Office expenses incurred after voting day Phone and/or internet expenses incurred after voting day Salaries, benefits, honoraria, professional fees incurred after voting day Bank charges incurred after voting day Interest charged on loan after voting day Expenses related to recount Expenses related to controverted election Expenses related to compliance audit Expenses related to candidate's disability (provide full details) 1. 2. 3. 4. 5. Other (provide full details) 1. 2. 3. 4. 5. Total Expenses not subject to spending limits Total Campaign Expenses (C2 + C3 + C4) Box D: Calculation of Surplus or Deficit Excess (deficiency) of income over expenses (Income minus Total Expenses) (Cl — C5) + Eligible deficit carried forward by the candidate from the last election (applies to 2018 regular election only) Total (D1 — 132) If there is a surplus, deduct any refund of candidate's or spouse's contributions to the campaign Surplus (or deficit) for the campaign _ $ 1,174.71 c4 $ -393.39 Df $ D2 _ $ -393.39 _ $ -393.39 D3 _ $ 15,830.60 C5 If line D3 shows a surplus, the amount must be paid in trust, at the time the financial statements are fled, to the municipal clerk who is responsible for the conduct of the election. 9503P (2018104) Page 3 of 8 Schedule 1 - Contributions Part I — Summary of Contributions Contributions in money from candidate and spouse Contributions in goods and services from candidate and spouse (include value listed in Table 3 and Table 4) Total value of contributions not exceeding $100 per contributor • Include ticket revenue, contributions in money, goods and services where the total contribution from a contributor is $100 or less (do not include contributions from candidate or spouse). + $ 3,200.00 + $ 1,758.45 + $ 389.10 Total value of contributions exceeding $100 per contributor (from line 1B on page 5; list details in Table 1 and Table 2) • Include ticket revenue, contributions in money, goods and services where the total contribution from a contributor exceeds $100 (do not include contributions from candidate or spouse). + $ 10,003.76 Less: Contributions returned or payable to the contributor — $ q 4, o Contributions paid or payable to the clerk, including contributions from anonymous sources exceeding $25 — $ Total Amount of Contributions (record under Income in Box C) _ $ 16.Q51.jL)'1A Part II — Contributions exceeding $100 per contributor— individuals other than candidate or spouse Table 1: Monetary contributions from individuals other than candidate or spouse Name Full Address Date Received Amount Received $ Amount $ Returned to Contributor or Paid to Clerk Barber, John 29 James Foxway, Toronto, ON M2K 2S2 2018/09/11 200.00 Bleeman, Nathan 970 Lawrence Ave W, Suite 304, Toronto, ON M5A 3136 2018/09/12 1,200.00 Canning, Mark 50 Venton Court, Tyrone, ON L1C 5E9 2018/08/20 200.00 Fidani, Carlo 24 Westmount Park Rd, Toronto, ON M91P 1136 2018/10/11 800.00 Gray, David 246 Main St, Unionville, ON L3R 2H2 2018/09/21 600.00 Halminen, Hannu 3283 Concession Ra--7,-- d7,Orono, Orono,ON LOB 1M0 2018/10/02 500.00 Jarrett, Bessie 9 Lorraine Court, Bowmanville, ON LIC 31-5 2018/09/02 500.00 Kemp, Kirk 4553 Middle Road, Bowmanmville, ON LIC 3K2 2018/09/05 500.00 Listed on separate supplementary attachment 5,503.76 Additional information is listed on separate supplementary attachment Total 10,003.76 9503P (2018/04) Page 4 of 8 Schedule 1: Contributors to Corinna Traill for Councillor Campaign, 2018 Table 1: Monetary Contributions from individuals other than candidate or spouse (Over $100) Address 82 Arjay Cres, Toronto, ON M2L1C7 15 Barrington Place, Courtice, ON L1 E2K8 1163 Old Post Dr, Oakville, ON L6M1A5 61 Lambert Rd, Thornhill, ON L3T7E5 7681 Highway 27, Unit 16, Woodbridge, ON L4L4M5 2272 Regional Road 42, Bowmanville ON, L1C 3K5 81 Hobbs Drive, Bowmanville, ON L1C31VI2 81 Hobbs Drive, Bowmanville, ON L1C3M2 81 Hobbs Drive, Bowmanville, ON L1C3M2 Date Received Name Libfeld Alexander Longo Ferdinando Rovinelli Kenneth Schickedanz Robert Spina John Hawes Kiley Traill Larisa Traill John Traill Terry Address 82 Arjay Cres, Toronto, ON M2L1C7 15 Barrington Place, Courtice, ON L1 E2K8 1163 Old Post Dr, Oakville, ON L6M1A5 61 Lambert Rd, Thornhill, ON L3T7E5 7681 Highway 27, Unit 16, Woodbridge, ON L4L4M5 2272 Regional Road 42, Bowmanville ON, L1C 3K5 81 Hobbs Drive, Bowmanville, ON L1C31VI2 81 Hobbs Drive, Bowmanville, ON L1C3M2 81 Hobbs Drive, Bowmanville, ON L1C3M2 Date Received Amount 5/Sep/18 $ 500.00 2/Dec/18 $ 500.00 4/Oct/18 $ 125.00 1/Sep/18 $ 1,200.00 4/Sep/18 $ 1,200.00 8/Sep/18 $ 128.76 2/Sep/18 $ 250.00 9/ocv18 $ 600.00 20/Aug/18 $ 1,000.00 $ 5,503.76 Table 2: Contributions in goods or services from Individuals other than candidate or spouse (Note: must also be recorded as Expenses in Box C) Total for Part II - Contributions exceeding $100 per contributor (Add totals from Table 1 and Table 2 and record the total In Part 1 - Summary of Contributions) $ 10,003.76 1B Part III — Contributions from candidate or spouse Table 3: Contributions in goods or services Description of Goods or Services — _ - Date Received (yyyy/mm/dd) Date Received (yyyy/mm/dd) Date Received (yyyy/mm/dd) Value $ Description of Goods or Services Value $ Description of Goods or Services Value $ Bulk Barn (Advertising) 2018/08/09 177,98 Bulk Barn (Advertising) 2018/08/16 183.06 Bulk Barn (Advertising) 2018/08/16 122.04 Home Hardware (Signs) 2018/08/18 46.85 Facebook (Advertising) 2018/08/22 200.52 Balloons on Bloor (Advertising) 2018/10/11 508.50 9503P (2018104) Page 5 of 8 Table 4: Inventory of campaign goods and materials from previous municipal campaign used in this campaign (Note: value must be recorded as a contribution from the candidate and as an expense) Description Date Acquired (yyyy/mm/dd) Supplier Quantity Current Market Value $ Signs - lawn 2018/07/26 Lakefront Graphix 50 469.50 Sign Posts 2018/07/26 Wood posts 100 50.00 ❑ Additional information is listed on separate supplementary attachment Total 519.50 9503P (2018/04) Page 6 of 8 S Schedule 2 — Fundraising Events and Activities Fundraising Event/Activity Complete a separate schedule for each event or activity held ❑ Additional schedule(s) attached Description of fundraising eventlactivity Date of event/activity (yyyy/mm/dd) Part I — Ticket revenue Admission charge (per person) (If there are a range of ticket prices, attach complete breakdown of all ticket sales) $ 2A Number of tickets sold x 2B Total Part I (2A X 2B) (include In Part 1 of Schedule 1) _ $ Part 11— Other revenue deemed a contribution (e.g. revenue from goods sold in excess of fair market value) Provide details 1. + $ 2. + $ 3. + $ 4. + $ 5. + $ Total Part II (include In Part 1 of Schedule 1) Part III — Other revenue not deemed a contribution (e.g. contribution of $25 or less; goods or services sold for $25 or less) Provide details 1. + $ 2. + $ 3. + $ 4. + $ 5. + $ Total Part III (include under Income In Box C) Part IV — Expenses related to fundraising event or activity Provide details 1. + $ 2, + $ 3. - -- -- + $ 4. — + $ 5. — + $ 6. + $ 7. + $ 8. + $ Total Part IV Expenses (Include under Expenses in Box C) =4 9503P (2018/04) Page 7 of 8 Auditor's Report Municipal Elections Act, 1996 (Section 88.25) A candidate who has received contributions or incurred expenses in excess of $10,000 must attach an auditor's report. Professional Designation of Auditor Chartered Professional Accountant rviunuapainy Date (yyyy/mm/dd) REGIONAL MUNICIPALITY OF DURHAM 2019/03/28 Contact Information Last Name or Single Name Given Name(s) Licence Number MARSH DEBORAH 1-15806 Address Suite/Unit No. Street No. Street Name 302 21 GLADSTONE AVENUE Municipality ProvincePostal Code OSHAWA ON L1J 4E3 Telephone No. (including area code) Email Address 905 720-0265 DMARSH@SCMV.CA The report must be done in accordance with generally accepted auditing standards and must: • set out the scope of the examination • provide an opinion as to the completeness and accuracy of the financial statement and whether it is free of material misstatement ❑✓ Report is attached Personal information, if any, collected on this form is obtained under the authority of sections 88.25 and 95 of the Municipal Elections Act, 1996. Under section 88 of the Municipal Elections Act, 1996 (and despite anything in the Municipal Freedom of Information and Protection of Privacy Act) documents and materials fled with or prepared by the clerk or any other election official under the Municipal Elections Act, 1996 are public records and, until their destruction, may be inspected by any person at the clerk's office at a time when the office is open. Campaign financial statements shall also be made available by the clerk in an electronic format free of charge upon request. 9503P (2018/04) Page 8 of 8 Smith H. Howard Smith, FCPA (Retired) Chaell Richard A. Chappell, CPA, CA (Retired) pp Deborah L. Marsh, CPA, CA Marsh Uesa K. Vilander, CPA, CA VllanderLLP Chartered Accountants INDEPENDENT AUDITORS' REPORT To Anne Greentree - Municipality of Clarington We have audited the Statement of Campaign Income and Expenses and the Calculation of Surplus or Deficit of Corinna Traill, candidate for the campaign period from July 26, 2018 to December 31, 2018 relating to the election held on October 22, 2018. These financial statements are included in Financial Statement - Auditor's Report, Form 4. The financial statements have been prepared by Corinna Traill, candidate based on the financial reporting provisions of the Municipal Elections Act, 1996. Candidate's Responsibility for the Financial Statements Corinna Traill, candidate is responsible for the preparation and fair presentation of these financial statements in accordance with the financial reporting provisions of the Municipal Elections Act, 1996 and for such internal controls as the candidate determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the candidate's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the candidate's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion. Basis of Qualified Opinion Due to the nature of the types of transactions inherent in an election campaign, it is impracticable through auditing procedures to determine that the accounting records include all the donations of goods and services, and receipts and disbursements. Accordingly, our verification of these transactions was limited 21 Gladstone Avenue, Suite 306, Oshawa, Ontario LY 483 Tel. 905-720-0265 Toll free 1-877-326-3422 Fax 905-720-0301 Email: Accounting®SCMVca Website: wwiv.scmv.ca to ensuring the financial statements reflect the amounts recorded in the accounting records of Corinna Traill, candidate, in accordance with the accounting procedures established by the Municipal Elections Act, 1996 and we were not able to determine whether any adjustments might be necessary to income and expenses and surplus or deficit. Qualified Opinion In our opinion, except for the effects of matters described in the Basis for Qualified Opinion Paragraph, the financial statements present fairly, in all material respects, the campaign income and expenses for the campaign period from July 26, 2018 to December 31, 2018 and the calculation of surplus or deficit in accordance with the financial reporting provisions prescribed by the Municipal Elections Act, 1996. Emphasis of Matter The Municipal Elections Act, 1996 does not require us to report, nor was it practicable for us to determine, that contributions reported include only those which may be properly retained in accordance with the provisions of the Municipal Elections Act, 1996. Chartered Accountants, Licensed Public Accountants March 28, 2019 Oshawa, Ontario